Love’s Travel Stops & Country Stores
Love’s Travel Stops & Country Stores, to augment its over-the-road truck fleet services segment, made the decision to begin operations to retread and distribute truck tires. Analysis of its fleet customer’s driving patterns nationwide revealed four cities most often transited by those fleets: Dallas, Atlanta, Indianapolis, and Las Vegas. Love’s designed the retread operations to require in each market an approximately 100,000 square foot facility which would include 25,000 square feet for the retread process along with 75,000 square feet for finished product distribution space. These spaces would require state-of-the-art sprinkler systems (due to the materials involved), a heavy electrical system with at least 1000 amps of 480 volt power, dock-high loading doors, and exterior areas for truck and trailer storage. As an additional complication, many owners and developers of this type of space are reluctant to lease to tire-operations tenants due to the odors emitted inside the building by the rubber compounds in the tires. Love’s set a goal of making the final building selections in all four markets within 30 days after the initial requirement meeting and have building access to begin equipment installation 60 days later.
Price Edwards, through the TCN Worldwide network, and other longstanding relationships identified local industrial specialist brokers in each market to provide local market knowledge and relationships. Two weeks after assigning this project to Price Edwards/TCN Worldwide, a total of 44 prospective properties in 4 markets were presented to Love’s. Love’s was able to make their final property selections according to their original schedule, and move forward with requesting lease proposals.
Four 100,000+ square foot facilities in four diverse, major industrial real estate markets across the U.S. were identified and secured via lease or Letter of Intent within a 90 day period.